Company profile

Ticker
QMCO
Exchange
Employees
Incorporated in
Location
Fiscal year end
Industry
Other Technology
Industry (SEC)
SEC CIK
IRS number
942665054

Offering of securities history

Data from Form D filings
Amount sold
Number of investors

Calendar

23 Aug 19
19 Oct 19
31 Mar 20

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 105.63M 103.28M 101.98M 89.91M
Net income -3.81M -9.41M -4.29M -21.62M
Diluted EPS -0.11 -0.26 -0.12 -0.61
Net profit margin -3.60% -9.11% -4.20% -24.04%
Operating income 2.75M -495K 3.48M -3.38M
Net change in cash 16K -136K 5.22M -4.52M
Cash on hand 10.81M 10.79M 10.93M 5.7M
Cost of revenue 59.79M 60.61M 58.9M 54.39M
Annual (USD) Mar 19 Mar 18 Mar 17 Mar 16
Revenue 402.68M 437.68M 493.05M 475.96M
Net income -42.8M -43.35M -2.41M -76.39M
Diluted EPS -1.2 -1.25 -0.07 -2.33
Net profit margin -10.63% -9.90% -0.49% -16.05%
Operating income -4.75M -28.62M 6.68M -67.81M
Net change in cash -75K -2.09M -19.27M -4.06M
Cash on hand 10.79M 10.87M 12.96M 32.23M
Cost of revenue 235.07M 264.9M 287.78M 272.92M

Financial data from Quantum earnings reports

Financial report summary

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Management Discussion
  • We had total revenue of $102.0 million in the three months ended December 31, 2018, a $14.0 million or 12% decrease from the three months ended December 31, 2017, primarily due to decreased revenues across product, services and royalty. We had total revenue of $299.4 million in the nine months ended December 31, 2018, a $43.0 million or 13% decrease from the nine months ended December 31, 2017, also due to decreased revenues across product, services and royalty.
  • Product revenue decreased $12.4 million, or 16% in the three months ended December 31, 2018 from the three months ended December 31, 2017. Product revenue decreased $30.9 million, or 15% in the nine months ended December 31, 2018 from the nine months ended December 31, 2017. These period over period decreases were primarily due to decreases in primary storage systems and devices and media. Service revenue decreased $0.8 million and $3.9 million in the three and nine months ended December 31, 2018 and 2017, respectively, due to decreased service contract revenue from our secondary storage systems. Royalty revenue decreased $0.9 million and $8.1 million in the three and nine months ended December 31, 2018 and 2017, respectively, due to lower overall market volume and weighting towards older generation LTO technology. During fiscal 2019 supply constraints on the latest generation LTO technology, which carries a higher royalty rate, impacted overall royalty revenue. The supply constraints resulted from legal disputes between the two principal suppliers of LTO tape. The disputes between the two tape manufacturers were recently resolved.
  • Despite a decrease in the high gross margin royalty revenue in the three and nine months ended December 31, 2018 compared to the comparable periods in the prior year, gross margin increased five percentage points and two percentage points, respectively, driven by higher gross margins on both product and service. Product gross margin increased from 23% and 24% in the three and nine months ended December 31, 2017, respectively, to 27% in both the three and nine months ended December 31, 2018. The gross margin increased for primary storage, secondary storage and devices and media. The improvement in service gross margin during the three and nine months ended December 31, 2018 compared to the prior fiscal periods relates primarily to a decrease in spending due to a decrease in the related average service headcount.
Content analysis ?
Positive
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Constraining
Legalese
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Readability
H.S. sophomore Avg
New words: refundable, repeal
Removed: account, adjustment, earned, receivable, reclassification, record, transaction